Bitcoin Whales Short 108000 Price Ethereum Longs Rise
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币界网报道：Bitcoin whales are increasing short positions as BTC hovers around $42,000, with over 108,000 BTC ($4.5 billion) in open short contracts, according to Coinglass data. This marks the highest level of BTC shorts since January 2023, signaling bearish sentiment among large holders. Meanwhile, Ethereum is seeing growing long positions, with ETH open interest rising 25% to $7.6 billion this week. Analysts note the divergence suggests traders may be rotating from Bitcoin to Ethereum ahead of potential ETF approvals. The crypto market remains volatile, with Bitcoin down 5% weekly while Ethereum gained 3% amid shifting derivatives activity.
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